Chapter VII - RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION (From Regulation 40 to Regulation 82AA)
Regulation 63 - Monitoring, reviewing and evaluating internal systems and controls
Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 Chapter VII RIGHTS AND OBLIGATIONS OF DEPOSITORIES, PARTICIPANTS, ISSUERS, MANNER OF SURRENDER OF CERTIFICATE OF SECURITY AND CREATION OF PLEDGE OR HYPOTHECATION
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Internal accounting controls must be reviewed and monitored periodically by participants through adequate mechanisms under depository regulations. Regulation 63 requires that every participant maintain an adequate mechanism to review, monitor and evaluate the participant's internal accounting controls and systems, imposing an ongoing compliance obligation to establish procedures and processes for periodic assessment and assurance of control effectiveness.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Internal accounting controls must be reviewed and monitored periodically by participants through adequate mechanisms under depository regulations.
Regulation 63 requires that every participant maintain an adequate mechanism to review, monitor and evaluate the participant's internal accounting controls and systems, imposing an ongoing compliance obligation to establish procedures and processes for periodic assessment and assurance of control effectiveness.
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